TAILIEUCHUNG - Lecture Accounting information and reporting systems: Chapter 11 - A. Aseervatham, D. Ariandarajah

Chapter 11: Accounting transaction cycles. The goal is for you to learn: To understand the cycle of basic business activities and know its components, to learn what a transaction cycle is and how many transaction cycles there are, to learn to match an economic activity with a transaction cycle, to know the advantages of using transaction cycles, to understand how the accounting information system works. | Accounting transaction cycles Learning objectives To understand the cycle of basic business activities and know its components. To learn what a transaction cycle is and how many transaction cycles there are. To learn to match an economic activity with a transaction cycle. To know the advantages of using transaction cycles. To understand how the accounting information system works. key terms conversion cycle expenditure cycle financial cycle organisational structure payroll cycle revenue cycle transaction cycles The structure of an organisation Organisations can be subdivided into divisions and departments based on the activities carried out by each group. This is the organisational structure. Business activities Accounting information systems must capture all the economic events or business activities of an organisation. For example: capital investment purchases production sales Transaction cycles A set of transactions that occur in a related sequence is a transaction cycle Transactions can be divided into a number of groups. For example: financial cycle expenditure cycle payroll cycle conversion cycle revenue cycle Transaction cycles Financial cycle: consists of those accounting transactions that relate to obtaining capital from owners and lenders covers the acquisition and use of capital assets Expenditure cycle: mainly consists of the transactions relating to the acquisition of raw materials for production and goods for resale Transaction cycles Payroll cycle: consists of transactions involved in the payment of salaries and wages to employees of the organisation Conversion cycle: contains those transactions involved in converting the raw materials into finished products by the application of labour and overheads Revenue cycle: contains accounting transactions that involve the generation of revenue from the outputs of the conversion .

• Kế toán - Kiểm toán
• Accounting Information
• Reporting Systems
• Accounting information system
• AIS super system
• Accounting transaction cycles
• Business activities
• Accounting information systems
• Lecture Accounting information systems
• Hệ thống thông tin kế toán
• Control information
• Information systems controls
• Financial Accounting
• Principles of financial accounting
• Accounting information systems
• Fundamental system principles
• Accounting systems
• Lecture Accounting information systems
• Production cycle
• Accounting system
• Human resources management
• General ledger
• Systems development life cycle
• AIS development strategies
• Systems design
• Using financial accounting information
• The annual report
• Processing accounting information
• Internal control
• Computer accounting
• System security
• Value of information
• Business process
• Business process cycles
• The accountant
• Information technology
• Documenting accounting information systems
• Data modeling
• Controls for information security
• Information security
• Trust services framework
• System reliability
• Report Accounting information system
• E Commerce business
• E commerce enterprise
• Risks in payment
• Security of customer information
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Technology based accounting systems
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting terminology
• Accounting cycle
• Cash collections
• Revenue cycle
• Expenditure cycle
• Cash disbursements
• Value chain
• Supply chain
• Decision structure
• Control frameworks
• Internal controls
• COBIT framework
• Information systems
• Transaction processing